17-2-502. NEW MERCHANDISE DEALER/TRADE-IN DEALER EXEMPTION.
This section is included in your selections.
(1) The provisions of this Chapter are inapplicable to:
a. Any merchant or dealer whose principal business is the selling of new merchandise and secondhand merchandise is taken in as a trade incident to the sale of new merchandise; or
b. Any dealer who receives secondhand merchandise in trade for other secondhand merchandise of a higher value.
(2) Any dealer licensed by this Chapter when dealing with other licensed dealers, other licensed or registered businesses or persons, or when the dealer travels to the seller’s residence to bid on and subsequently purchase goods other than gold, silver, or precious metals, need not comply with the provisions of Section 17-2-506 or 17-2-509.